INVESTMENT MARKET
LONDON'S CONFIDENT TONE
LONDON, 12th July. The tone of the Stock Exchange is confident and investment securities show considerable strength, British funds especially being in demand, and prices tending upward. j The rally of Australian Government stocks has been well maintained, and they are meeting good inquiry in some quarters. The improvement is attributed to the bankers' resolution in favour of Empire free trade, for the commencement of the rise followed immediately on the publication of that document, but there is no doubt that the better feeling was largely induced by the news of Sir Otto Niemeyer's visit and the expectation that the discussions with the Commonwealth Prime Minister, Mr. Scullin, will lead to improvement in the economic ami financial situation. Commenting on what he calls Mr. Scullin's ruthless Budget, Sir Otto Niemeyer saya that other means may be devised to circumvent the great difficulties that face the. Commonwealth.
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Bibliographic details
Evening Post, Volume CX, Issue 12, 14 July 1930, Page 12
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151INVESTMENT MARKET Evening Post, Volume CX, Issue 12, 14 July 1930, Page 12
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